CHIEF FINANCIAL OFFICER

$95,000 - $115,000/Yr

West Virginia Network For Educational Telecomputing - Morgantown, WV

Full-time - Executive

Morgantown, WV

About the position

WVNET is seeking a dynamic Chief Financial Officer (CFO) to lead and oversee all financial aspects of the organization. This pivotal role encompasses a wide range of responsibilities including fiscal budget management, financial planning, financial reporting, internal controls, and analyzing the organization's financial position. The CFO will play a crucial role in developing and monitoring budgets to ensure the financial stability and growth of WVNET. The position is based at 837 Chestnut Ridge Road, Morgantown, WV, 26505, and is classified as a full-time, salaried, non-classified position, exempt from FLSA regulations. The starting annual salary for this position ranges from $95,000 to $115,000, complemented by excellent benefits provided by the State of West Virginia. These benefits include comprehensive health insurance, dental, vision, and hearing coverage, Health Savings Accounts/Flexible Spending Accounts, retirement investment options, life insurance plans, and both short-term and long-term disability insurance. Additionally, the CFO will enjoy generous vacation, sick leave, state and federal holidays, and opportunities for professional development. The ideal candidate will possess a Bachelor's Degree in Accounting, Finance, or Business, along with a Certified Public Accountant (CPA) designation. A minimum of five years of experience in Accounting or Business Administration, five years in Higher Education Administration, and five years in Management or Organizational Budgeting is required. Preferred experience includes familiarity with Ellucian Banner and wvOASIS.

Responsibilities

• Oversee accounts payable, accounts receivable, contracts, cash management, and purchasing.
• Prepare, revise, review, and monitor the WVNET operating budget.
• Prepare and submit the fiscal budget and State Appropriation Request and Expenditure Schedule to the West Virginia Department of Revenue and the West Virginia State Budget Office.
• Oversee the preparation and submission of the annual WVNET audited financial statements and related reports.
• Manage the operation of two separate financial systems: wvOASIS and Banner.
• Advise the Executive Director on critical budget and spending issues and prepare ad hoc reports as needed.
• Review financial progress and make necessary close outs and modifications, including adjustments in expenditure and revenue areas.
• Create, develop and maintain a chart of accounts to support current operations and future service expansions.
• In coordination with the WV Higher Education Policy Commission (WVHEPC), review and respond to auditors' annual financial statement audit.
• Supervise the submission of reports required by the Board of Risk and Insurance Management and other agencies.
• Direct grant financial management and reporting process according to state and federal requirements.
• Develop budget forecasts for various scenarios to assist in decision-making.
• Participate in high-level decision-making to emphasize budgetary impacts.
• Assist the Executive Director with questions posed by the WVHEPC financial working sessions.
• Develop the annual budget proposal for submission to the Higher Education Policy Commission, for the Executive Director's approval.
• Supervise payroll, purchasing, accounts payable, and accounts receivable functions.
• Participate in contract negotiations for major purchases as needed.
• Serve as the principal contact on financial issues with various state offices and educational institutions.
• Participate in creating, modifying, and reviewing policies, procedures, projects, proposals, and documents related to fiscal management and expenditures.
• Lead short- and long-range financial planning activities.
• Oversee and manage personnel within the Business Office department.

Requirements

• Bachelor's Degree in Accounting, Finance, or Business.
• Certified Public Accountant (CPA).
• 5 years of Accounting or Business Administration experience.
• 5 years of Higher Education Administration experience.
• 5 years of Management or Organizational Budget experience.

Nice-to-haves

• Experience with Ellucian Banner.
• Experience with wvOASIS.

Benefits

• Health insurance
• Dental insurance
• Vision insurance
• Hearing insurance
• Health Savings Accounts/Flexible Spending Accounts
• Retirement investing
• Life insurance plans
• Short-term disability insurance
• Long-term disability insurance
• Generous vacation
• Sick leave
• State holidays
• Federal holidays
• Professional development opportunities